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Last Updated : 2024-04-24 06:20:00
21 July 2021 03:51 pm - 5 - {{hitsCtrl.values.hits}}
The Government has incurred a loss of Rs. 3 billion as the Customs Department had levied less customs duties intended for singles cabs when the Toyota Hilux Smart Cabs were imported by the Customs.
It was revealed that the Government had incurred a loss of Rs. 1 million each for the import of 3,000 vehicles.
This was revealed in the first report of the Committee on Public Accounts for the first session of the 9th Parliament which was presented by COPA chairman Prof.Tissa Vitarana on July 20 in Parliament.
The Committee has observed that a large amount of tax income is lost to the government due to the tax irregularities occurred in the importation of vehicles by the Customs and the registration of these vehicles with the Department of Motor Traffic.
According to the report, vehicles imported by the Customs for special purposes at a lower tax rate are registered with the Department of Motor Traffic as dual-purpose vehicles.
In addition, during the period 2010-2019, 44 vans were imported as special purpose vans with a lower tax rate and subsequently registered with the Department of Motor Traffic as dual-purpose vehicles for the purpose of transporting passengers and goods and due to this process government has lost at least 1300 million rupees in taxes.
The report further observes that the government has lost Rs. 56 million in taxes due to the Toyota Land Cruiser not being properly cleared by the Customs under the passenger transport category. It has been revealed that the Toyota Land Cruiser luxury vehicle imported by fixing public address system and charging only a duty of Rs.1.5 million under the special purpose vehicle had been cleared under the category of transport of passengers where a duty of approximately Rs.56 million should have been charged.
The committee has also observed that in order to avert the irregularities occurring, in the importation of special purpose vehicles the vehicles cleared under Harmonized System Code (HS code) no 8705 by the Customs should be registered with the Department of Motor Traffic under a special number (PZA) .
ravin Wednesday, 21 July 2021 04:25 PM
This is the result of leaving loopholes in the system. Make the tariffs cut and dry . Be it anyone first they have to pay full amount and any waivers can be refunded only on accessing individual one by one cases. Leaving loopholes means corruption.
Ranaweera Wednesday, 21 July 2021 05:37 PM
Yahapalana has done big damage to this country. Now the same guys are protesting against everything.
Ralaharamy Wednesday, 21 July 2021 05:57 PM
Thus raises a funny question. Was this done to benefit a particular organization (company, club etc) or a particular segment of the society?
Truth matter Wednesday, 21 July 2021 06:18 PM
Government losing everything and everyone now . Inly MR family and some army will be with them soon.
Joshua Thursday, 22 July 2021 08:59 AM
Ranaweera seems to landed from the moon talking of Yahapalanaya. Still blind as a bat these Sri Lankans
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